Policy rates increase by 0.5% with a hawkish tone

ISRAEL - Report 05 Jul 2022 by Jonathan Katz

1. Policy rates increased by 0.5% to 1.25% yesterday on accelerating inflation, robust growth, and a tight labor market.
2. The BoI expects inflation to reach 3.3% one year ahead and rates at 2.75% by Q2 2023.
3. Real private consumption growth appears fairly robust in recent months. Unemployment declined to 3.0% in the 1st half June.
4. We revised our inflation forecast upwards due to a weaker shekel and higher energy prices.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.